topic Re: Waiting game in Understanding FICO® Scoring

Waiting game

Anonymous — Sun, 06 Jan 2013 21:18:35 GMT

My Fico scores are currently EQ 555 and TU 569. I have 4 charge-offs aging off this year. I am hoping for a large score boost. I have paid my SL, CC, and car loan on time all 2012. I opened the car loan and CC in Jan 2012. I am working on removing 2011 medical debts-Paid. Any guesses on my score boost? My SL have been current for 2 yrs.

I have 120 day lates before 2010 on SL. How much are these hurting me?

Re: Waiting game

pizzadude — Sun, 06 Jan 2013 22:37:03 GMT

The 120 day lates are certainly hurting your FICO® score, but it's hard to predict how much your score will improve after the CO accounts fall off. I would recommend sending GW requests on all of your lates if you haven't already.

Re: Waiting game

Anonymous — Sun, 06 Jan 2013 23:31:47 GMT

@pizzadude wrote:
The 120 day lates are certainly hurting your FICO® score, but it's hard to predict how much your score will improve after the CO accounts fall off. I would recommend sending GW requests on all of your lates if you haven't already.

120 day lates are a major negative that can take 5-7 years before you notice much score improvement from those late payments.

Also agree its hard to predict since you have other major negatives still on your reports.